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Posted by on Aug 29, 2017 in Guest Posts, Home & Garden | 0 comments

The Finishing Touch: 6 Home Upgrades to Attract Upscale Buyers

home upgrades luxury

Upscale buyers can afford to be picky. They may bide their time and browse through listings, searching for their dream home. This means that sellers who want to attract interested buyers in the high-end market need to offer something above and beyond the typical features.

While expensive remodeling projects won’t always deliver the best return on investment, smaller upgrades can differentiate your home from others in the same price range. If you’re planning to sell your home in the future, consider these simple home upgrades that may appeal to upscale buyers.

1. Elegant Woodwork

Astute house hunters looking for quality features tend to notice even minor differences. High-end woodwork, especially in formal rooms like the dining room, takes your home from basic to luxurious. Even if buyers aren’t specifically asking for decorative woodwork, these extra features add a more refined look to your home’s design. You can add crown molding for an elegant accent or wainscoting to decorate your walls. Even a simple chair rail can lend the finishing touch to a formal room.

2. Upgraded Appliances

Everyone knows that a gorgeous kitchen can sell a house quickly. If you’re working with a limited remodeling budget, this is the room where you want to spend your money. New, upgraded appliances are often worth the extra cash when it comes time to sell. You may not need all the bells and whistles that come along with professional-grade ovens and cooktops, but as HGTV notes, plenty of mid-range models are available that will give you the look and features you truly need.

3. Countertops

Any kitchen upgrade is a positive addition, but buyers particularly look for high-end countertop materials like granite or quartz, along with tile backsplashes. If you can’t afford granite throughout your kitchen, consider adding a granite-topped island as a smaller upgrade. Modern tile backsplashes are another great way to dress up your kitchen. The basic white subway tile is still popular, but you can elevate the look of your kitchen with a twist on this classic design by choosing subway tiles with beveled edges or oversized brick-shaped tiles to make your backsplash stand out.

4. Quality Fixtures

Small touches like modern faucets and recessed lighting can show a high-end buyer that you’ve invested in every aspect of your home. If you need to replace a fixture, instead of going for the basic model, spend time browsing sales circulars for good deals on higher-end faucets or hardware. Often, you can find something nicer that fits into your price range and adds a bit more style.

5. Flooring

The look of hardwood flooring never goes out of fashion. If you’re considering replacing carpets, check the price differentials among various types of flooring. With the many styles of engineered hardwood, laminate and wood-look tiles available, you may be able to find an elegant option that may help sell your home faster.

6. Landscaping and Hardscaping

When considering simple home upgrades, don’t overlook initial curb appeal. Exterior improvements, such as landscaping and hardscaping, are among the first features of your home a potential buyer will see. Flowers, a well-maintained yard and small hardscaping touches like a paved walkway help to attract buyers from the minute they arrive. Outdoor living is also important to higher-end buyers, so if you have a deck, make sure it’s in top shape. According to the U.S. News and World Report’s list of 10 amenities for upscale homebuyers, outdoor living spaces are a huge selling point, including kitchens and dining areas.

Upscale homebuyers want the latest and greatest features. In addition to the upgrades above, tech-savvy house hunters may also look for home automation and advanced security systems. Thanks to the internet, today’s house hunters are well-versed on the features available in comparable properties currently on the market, so anything you can do to set yourself apart may help to sell your home that much quicker.

Phil Karp is a 25-year real estate industry veteran and Senior Manager of Brokerage Services at Owners.com, which provides a convenient and cost-effective way to buy or sell a home. Phil lives in the suburbs of Atlanta and enjoys offering advice to first time home buyers to get the best bang for the buck on their dream home.